Technologies

LaLaZar Launches Interactive Virtual Mall for Retail Innovation

LaLaZar Unveils the World’s First Interactive Virtual Mall, Introducing a More Flexible and Sustainable Economic Model for Retail

Middle East retail market projected to exceed $162 billion by 2026

Dubai, UAE – April 28, 2026

Amid rising operational costs and ongoing economic pressures across the retail sector, LaLaZar has announced the launch of the world’s first interactive virtual mall—introducing a next-generation shopping model that goes beyond digital innovation to redefine how businesses sustain and scale in challenging market conditions.

LaLaZar delivers a fully immersive experience that seamlessly blends digital and physical elements. Users can enter the platform through personalized avatars, explore virtual storefronts, interact with others in real time, and discover products through content creators—transforming the traditional shopping journey into a dynamic, social, and content-driven experience.

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Business & Investments, Technologies

Navigating AI and Blockchain in Finance

ABU DHABI, UAE, 28th April 2026 — ADGM’s Registration Authority (RA)and Hashed Open Research (HOR), a Hashed policy think tank, have co-authored a new policy report synthesising insights from the “Web3 Leaders Roundtable,” convened in partnership with Hashed during Abu Dhabi Finance Week (ADFW) 2025.

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Business & Investments, Technologies

OKX and BlackRock Launch Tokenized Treasury Yield Collateral Framework

• OKX to accept BlackRock’s tokenized short-term US treasury fund, BUIDL, as yield-bearing collateral for trading

• Standard Chartered to provide a comprehensive and reliable custody offering, the first-ever G-SIB-backed off-exchange tokenized collateral framework

• Initiative scales utility of tokenized real-world assets (RWA) and enables broader market participation

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Business & Investments

Ajman Bank Reports AED 134M Profit in Q1 2026

H.H. Sheikh Ammar bin Humaid Al Nuaimi chairs Ajman Bank Board meeting; profit before tax of AED 134 million in the first quarter

Total revenue up 22% to AED 443 million

Ajman, United Arab Emirates – 29 April 2026. Ajman Bank PJSC reported a strong first quarter on Wednesday, posting net profit before tax of AED 134 million and net profit after tax of AED 130 million, as total revenue rose 22% year-on-year to AED 443 million, reflecting growth across the Bank’s core financing, treasury and fee-generating businesses.

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Business & Investments

Enhancing Efficiency at Bahna Power Plant

  • Advanced Gas Path upgrades at Bahna are expected to help increase output and improve efficiency
  • Long-term services agreements for Bahna and Nubaria are expected to support reliable and efficient power generation
  • Project aligns with Egypt’s power infrastructure modernization and energy efficiency goals

Cairo, Egypt (April 29, 2026) – GE Vernova Inc. (NYSE: GEV) announced today that it received an order from Middle Delta Electricity Production Company (MDEPC), an affiliate of Egyptian Electricity Holding Company (EEHC), for projects at MDEPC’s Bahna and Nubaria power plants in Egypt. The scope includes two Advanced Gas Path (AGP) upgrades for the two GE Vernova 9F gas turbines at the Bahna power plant, along with multiyear services agreements for Bahna and Nubaria with terms of 15 and 8 years, respectively. The projects are expected to support efforts to modernize power generation infrastructure and improve operating efficiency. The order was booked in the first quarter of 2026.

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